Even though cryptocurrency has been on a pretty bad downward spiral recently, it’s popularity is still constantly growing.

New coins popping up every day, hundreds of thousands of transactions being made and every day new traders join the market hoping to cash-out on this once in a lifetime opportunity.

Application developers are profiting immensely from this trend and their apps grow in popularity and sales along with their bank account.

Similar to normal currency, you need a bitcoin wallet to hold all your cryptocurrency.

If you’re a developer and you’re looking to enter this industry, the main question on your mind is probably “how do I start my bitcoin application development?” because if you have that answered you’ll be way on your way to create your extremely lucrative app.

In this blog post, we’re going to explore why and how you should go about developing your very own bitcoin wallet app.

To start off, you need to know what a bitcoin wallet essentially is.

If you haven’t guessed, it’s a wallet to hold your cryptocurrencies.

They won’t be able to hold your physical currency but in essence, they are software where the users of it can store their private keys and record every single transaction including how many coins they own of what type of crypto.

Most wallets support Bitcoin and Ether which are the main two digital currencies in the market but since the amount of coins is constantly growing, new wallets keep emerging with more versatile capacities.

Another thing you need to understand in your bitcoin application development phase is the planning phase.